Analysts Expect Boston Private Financial Hldg Inc (BPFH) to Announce $0.23 Earnings Per Share

Analysts expect Boston Private Financial Hldg Inc (NASDAQ:BPFH) to announce earnings of $0.23 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Boston Private Financial’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.24. Boston Private Financial reported earnings per share of $0.22 during the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The business is scheduled to issue its next earnings results on Wednesday, January 16th.

On average, analysts expect that Boston Private Financial will report full-year earnings of $0.93 per share for the current fiscal year. For the next financial year, analysts anticipate that the company will report earnings of $1.01 per share, with EPS estimates ranging from $1.00 to $1.02. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Boston Private Financial.

Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings results on Wednesday, October 17th. The bank reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. The firm had revenue of $91.96 million during the quarter, compared to the consensus estimate of $92.03 million. Boston Private Financial had a return on equity of 11.27% and a net margin of 6.76%. During the same period in the prior year, the company posted $0.22 earnings per share.

A number of equities analysts recently issued reports on BPFH shares. BidaskClub raised Boston Private Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, September 22nd. Zacks Investment Research raised Boston Private Financial from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. TheStreet downgraded Boston Private Financial from a “b-” rating to a “c+” rating in a report on Thursday, August 9th. Finally, ValuEngine downgraded Boston Private Financial from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.75.

In other news, CEO David J. Kaye sold 27,498 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $13.05, for a total transaction of $358,848.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.11% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in BPFH. FMR LLC raised its position in Boston Private Financial by 9.6% in the second quarter. FMR LLC now owns 7,513,673 shares of the bank’s stock worth $119,467,000 after acquiring an additional 656,820 shares in the last quarter. BlackRock Inc. increased its position in shares of Boston Private Financial by 4.3% in the second quarter. BlackRock Inc. now owns 12,241,098 shares of the bank’s stock valued at $194,632,000 after buying an additional 501,724 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Boston Private Financial by 7.1% in the third quarter. Dimensional Fund Advisors LP now owns 5,644,672 shares of the bank’s stock valued at $77,049,000 after buying an additional 375,363 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Boston Private Financial by 105.2% in the third quarter. Citadel Advisors LLC now owns 613,120 shares of the bank’s stock valued at $8,369,000 after buying an additional 314,355 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Boston Private Financial by 24.4% in the third quarter. Bank of New York Mellon Corp now owns 1,582,394 shares of the bank’s stock valued at $21,598,000 after buying an additional 309,984 shares in the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Shares of BPFH opened at $12.72 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $1.07 billion, a P/E ratio of 14.45 and a beta of 0.83. Boston Private Financial has a 52-week low of $12.39 and a 52-week high of $17.85.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Stockholders of record on Friday, November 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Thursday, November 1st. Boston Private Financial’s payout ratio is currently 54.55%.

Boston Private Financial Company Profile

Boston Private Financial Holdings, Inc operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.

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Earnings History and Estimates for Boston Private Financial (NASDAQ:BPFH)

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